E payment
- 1. Presentation on E-payment Presented by:- Gourav Sisodia Deepak Kumar Garv Mahendru Deepak Chaudhary Debojyoti Presented by Gourav Sisodia
- 2. Points to be discussed Definition of e-payment Objectives of e-payment Examples of e-payment Methods of e-payment Types of e-payment Security requirement of e-payment Payment gateway Conclusion How e-payment works (video) Presented by Gourav Sisodia
- 3. Definition of E-payment Electronic payment system is a system which helps the customer or user to make online payment for their shopping. To transfer money over the internet Methods of traditional payment (cheque, credit cards, or cash) Methods of electronic payment (electronic cash, software wallets, smart cards, and credit/debit cards. Presented by Gourav Sisodia
- 4. Objectives of e-payment To understand the concept of electronic payment system and its security services. To bring out solution in the form of applications to uproot electronic payment To understand working of various electronic payment system based applications Presented by Gourav Sisodia
- 5. Examples of e-payment Online reservation Online bill payment Online order placing (NIRULA’S) Online ticketing booking (Bookmyshow) Presented by Gourav Sisodia
- 6. Methods of e-payment There are two methods :- Online method 1. Individual does not have possession personally of electronic cash 2. Trusted third party. E.g. :- online bank, holds customer's accounts Offline method 1. Customer holds cash on smart card or software wallet 2. Fraud and double spending require tamper-proof encryption. Presented by Gourav Sisodia
- 7. Types of e-payment E-cash A system that allows a person to pay for goods or services by transmitting a number from one computer to another. E- wallet It is another payment scheme that operates like a carrier of e-cash and other information. Presented by Gourav Sisodia
- 8. Types of e-payment Smart cards It is any pocket sized card with embedded integrated circuits which can process data. Credit cards 1. It is a plastic card having a Magnetic Number and code on it. 2. It has some fixed amount to spend 3. Customer has to repay the spend amount after sometime. Presented by Gourav Sisodia
- 9. Security requirement of E- payment system Authentication Integrity No-reputation Privacy safety Presented by Gourav Sisodia
- 10. What is payment gateway It is an e-commerce application service provider service that authorizes payments for e-business, online shopping, etc. Payment gateway protects credit cards detail encrypting sensitive information such as credit card numbers, to ensure that information passes securely between the customer and the merchant and also between merchant and payment processor. Presented by Gourav Sisodia
- 11. How it works? Presented by Gourav Sisodia
- 12. CONCLUSION Expand market beyond Traditional geographic market Override traditional marketing system into digital marketing system. Made human life convenient as a person can pay his payment online while he is taking rest. Presented by Gourav Sisodia
- 13. How e-payment works (video) Presented by Gourav Sisodia
- 14. Thank you for your attention Presented by Gourav Sisodia